Can 36 billion DOGE UTXO cluster avert price breakdown below $0.081?
Photo: AMBCrypto
Dogecoin [DOGE] fell by 2.6% in a day and was down 6.5% over the week. During this period, the memecoin sector collectively shrunk by 8.4% in market cap. In fact, the memecoin sector has underperformed Bitcoin [BTC] and Ethereum [ETH] by a significant margin this week. Down 15% so far in October, and with uninspiring ETF flows, there didn't seem to be much reason to expect a Dogecoin revival at press time. Price structure breakout failure: Warning or opportunity? The 1-day timeframe's swing structure was bullish and had already retraced to the 61.8% Fibonacci retracement level back in September.
Source: AMBCrypto
